appraisal ✔✔Estimate of the value or monetary worth of an item of property as of a particular date USPAP ✔✔Uniform Standards of Professional Appraisal Practice USPAP ✔✔Appraisers follow Appraisal Standards Board ✔✔Part of the appraisal foundation that develops, publishes, interprets, and amends the standards of uspap on behalf of appraisers and the users of appraisal services USPAP standard 6 ✔✔Mass development and reporting Scope of Work ✔✔Type and extent of research and analysis in an appraisal or appraisal review assignment Work file ✔✔documentation necessary to support an appraiser's analyses, opinions, and conclusions Signed certification ✔✔Uspap compliant appraisal report must contain a signed certification Appraisal Practice ✔✔Valuation services performed by an individual acting as an appraiser, including but not limited to appraisal and appraisal review. Appraiser ✔✔One who is expected to perform valuation services competently and in a manner that is independent, impartial, and objective. Mass appraisal ✔✔the process of valuing a universe of properties as of a given date using standard methodology, employing common data, and allowing for statistical testing Mass Appraisal Model ✔✔A mathematical expression of how supply and demand factors interact in a market. RPA ✔✔Registered professional appraiser , 5 years to get, can get in 3 RTA ✔✔Registered texas assessor / collector RTC ✔✔Registered Texas collector Under tdlr ✔✔Registrants must be guided by the principle that property taxation should be fair and uniform and apply all laws, rules, methods and procedures in a uniform manner to all taxpayers Code of ethis under tdlr ✔✔Not accept or solicit any gift, favor or service that might reasonably tend to influence the registrant in the discharge of official duties Appearance of Impropriety ✔✔Expectation of a lower value appraisal district is a ✔✔Independent political subdivision Appraisal Review Board ✔✔Approves arb orders by majority vote Taxing unit rolls must be approved by ✔✔Taxing unit governing body Who must approve opitionql local tax exemptions ✔✔Taxing unit governing body Exemption determines ✔✔Taxable value